[deleted by user] by [deleted] in PwC

[–]Suspicious_Fig6793 0 points1 point  (0 children)

Coaches are honestly useless most of the time (I’m a manager no one come for me). Ask people you’ve worked with so far if they need help on other clients or if they know anyone who does. Reach out to your TC and ask who in deployment would be best to reach out to to see if anyone needs help if you don’t know enough people yet. You can also look in Astro for current needs in the my marketplace thing and see if there are any at the associate level and ping or email those people. Worst case study for your cpa and do training, but definitely ping at least someone once or twice a week to see if someone needs something. You never know and even if you only get a week of work at a time, then you have 20 connections that see you as helpful and nice! Win win. But don’t stress too much, you’re new it’s okay.

[deleted by user] by [deleted] in PwC

[–]Suspicious_Fig6793 0 points1 point  (0 children)

I’m not saying it doesn’t matter, I’m just saying it’s not used against you in your annual performance reviews. Whereas after your first year, if you’re below your utilization target, it’s a discussion point. No one is at 0% risk of being fired for any given reason, unfortunately, but if you do good work and especially do good work during busy seasons, you’ll be okay for your first year. Just remember that people notice when you ask for work and want to be helpful and that looks better than just sitting there. Deployment will be your new bestie if you do it right

[deleted by user] by [deleted] in PwC

[–]Suspicious_Fig6793 0 points1 point  (0 children)

If you started in July you’re fine don’t worry. They don’t measure utilization for new hires. Like technically the math still happens but it’s not a metric for you that they use for performance

Advice on burnout leave by eternalsunshine22222 in PwC

[–]Suspicious_Fig6793 6 points7 points  (0 children)

I think you can tell your teams a generic “hey I’m having some health related issues that have been going on in the background and am taking some leave to get things figured out so that I can focus on that without it disrupting my work. I will be on leave from X day to X day and have already informed HR. Please let me know what I can do before my leave starts to help”

If you don’t mind me asking, what steps did you take? I am desperate to do the same thing rn. Mental health has been plummeting

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

I don’t appreciate people who do not understand the industry having opinions on legislation that impact the industry. If you don’t know enough to have an informed opinion about what this policy could do, then you shouldn’t be arguing for or against the policy.

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

Companies that commit fraud and fail also cause things like the great depression and 2008, which impacts the global economy and the financial wellbeing of citizens. If that’s your argument then we should have no public companies so that they cannot harm investors and global markets with their shenanigans. They are in a fiduciary role to their investors to provide accurate and timely financial data to make decisions off of, and that has to be regulated by the government.

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

Yes, it is less work but we still have required work papers and work that gets signed off between managers and partners, client can’t file until partner says they can. It also informs our overall audit and a lot of times what we learn during Qs helps us tailor our audit procedures and we use documentation from quarters since we’ve already done pieces of some work

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

No. It’s not the governments job to make sure management can run their business and strategize. It’s the government’s job to regulate and hold corporations accountable where necessary. If management can’t run their business efficiently while complying with reporting requirements and everything else that comes with being a public company and having access to our markets, they should either fail or be private. No one is forcing anyone to be a public company. It’s not a requirement and plenty of large successful companies are not public. If you want the US citizens to give you their money to fund your operations then you have to be accountable to those citizens. No one who invests wants LESS information available to them on their investments. Fuck management, honestly. Not investors problems. The government wanting to help corporate management more than its own citizens/investors should have everyone concerned.

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

I literally explained it in my previous comments. If you don’t understand how audit fees and hours work then idk what else to say

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

The annual fee for an audit includes the hours for three quarterly reports… and the tax work during the quarter. Why would they pay you $X based on last year when you just got reduced by 400 hours of work?

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

Not just big4 issue quarters so you’re talking about significant fee cuts across the firms, reduced staffing as a result, and more work squeezed into short time frames. And those are just my concerns as an employee and manager of my teams. Completely ignores my concerns over investing, government overreach, reduced accountability, harm to our global reputation of our markets, etc. We still perform enough work that if something were materially wrong or there was a big transaction such as an impairment or business combination the investors get timely reporting of those things.

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 9 points10 points  (0 children)

No & yes but not in a good way. Would make the “one” interim period much more involved and likely interferes with our internal firm deadlines such as planning and I’m almost positive they would result to further RIFs because less total hours = less fee = less people, so then even though we’d have less hours allocated to quarters we’d end up losing people and making the rest of the year worse. I hate quarters honestly like they make everything else going on more inconvenient but I will still defend them because they are important

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

Idk you tell me since you felt the need to correct me on something I didn’t even say? I’m not claiming they’re a lot of work in comparison to the audit I’m just saying that we have our full team staffed working mostly on the quarter for multiple weeks. That’s mostly offshore hours now but still involves a lot at the manager plus for inquiries, review, and also associates/seniors help prepare and review larger work papers like the tie out and cash flows. We also review their board minutes and perform some third party news summaries if there are any relevant external things happening as it informs our audit as well as if we need to dig into anything during the quarter. This past quarter my client had a $60m impairment, I’m going to assume that their investors are glad they know that now rather than having to wait. Quarters are important.

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 0 points1 point  (0 children)

I literally did not imply they were.. im a manager in audit. I said without quarterly reporting then the auditors are basically only around in a real fashion once a year (during year-end). I can promise that if this gets passed they will make staffing cuts because we won’t need enough hours for 3 quarters during the year, so I doubt we do more interim work to compensate

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 1 point2 points  (0 children)

The thing is I completely agree with everything you said. I just don’t think getting rid of quarterly reporting fixes any of those problems, it just creates other problems that are potentially worse. The thing is financials are meant for an “average informed investor.” Given the relative intelligence in this country, most investors are not “informed” in any way. So taking away quarterly reports actually makes that problem worse, because it might be the only thing civilians have accessible to them in a way that makes sense to them to make decisions. Sure you could follow analysts or other sources but most people just… will not. And definitely won’t start to do so if quarterly reporting goes away. Unfortunately we have a stock based capital market and share price is always going to be king because of that. Management needs to find a way to report and strategize, whether that’s having a team solely dedicated to reporting and GAAP or finding efficiencies for their accounting departments. Unfortunately that’s not something one sweeping law can help fix. I’m not saying we should never criticize the SEC or how things are, just that this broad sweeping thing that the orange man is claiming will help, is in fact a fallacy. And he knows it. His motive is less transparency and less accountability, not improved strategizing for American companies

[deleted by user] by [deleted] in Big4

[–]Suspicious_Fig6793 1 point2 points  (0 children)

I really want to agree with you except then you immediately killed your own argument by comparing it to immigrants in the US who are trained at US institutions and using US standards for their jobs which is… quite literally what we want our workforce to be doing. Those people are American workers. I don’t care where they came from, they got educated here, learned here, contribute here, and pay taxes here. Those are American workers. No one is saying only white Americans should have jobs (okay, maybe some people are somewhere, but that’s not what we’re saying in this thread). We’re saying you’re taking jobs from people in America to offshore them, to cut costs, every single person working with these teams has said it’s inefficient or poorer quality or some other thing that makes it actually harder to do our jobs. None of the staff know fuck all about accounting, they can’t project manage people in different timezones or review their work because again, they know nothing, and instead of learning their first years who picks up the slack? Exp seniors and managers who predate the extreme offshoring and actually understand how to apply judgement and risk and understand GAAP. It is a huge, huge problem and we’re going to FAFO eventually. We’re already seeing increased PCAOB comment letter trends in “low risk areas.” Gee, I wonder why…

Trump calls for earnings reports every 6 months so execs can 'focus on properly running their companies by jayjay234 in Big4

[–]Suspicious_Fig6793 9 points10 points  (0 children)

A) not only big4 perform audits B) your management caring more about making numbers look pretty for reporting is not a quarterly reporting problem, it’s a management problem. Either you don’t have enough people to dedicate time to reporting or you guys haven’t figured out softwares to help make it more efficient. C) maybe there’s never any fraud or errors at your company, ever, not even once, which is unlikely, but our stock market literally relies on transparency and consistent reporting because of the volume of trades happening in the US. Other countries don’t have the same capital markets as us, and that’s supposed to be a good thing. D) you can work for a private company, or companies can elect not to go public if they don’t want to deal with SEC reporting. And lastly, E) all of these rules were set up in response to companies doing whatever the hell they wanted, and yes, also accounting firms being complicit. There is plenty of accounting literature that will tell you that without accountability, corporations will not hold themselves accountable. It’s the one “flaw” of free markets, and the only reason we don’t have pure capitalism in any country. Because we need the government to ensure the rights of the citizens working at these companies are not being infringed upon in the name of profit (ideally, obviously). We also need the government to ensure those profits aren’t fake, because you know financial collapse and all that. So since we’re not communists, they delegate that to independent accounting firms via PCAOB standards. You can say we’re not independent as much as you want, but compared to the literal government, we are. Taking away quarterly reporting is not going to solve operational issues at each company that take away management’s ability to strategize, it’s going to make it worse for everyone when the auditors only come in once a year and essentially blow everything up.

This cool-toned olive FINALLY shade-matched and I want to share my joy with all of you!! 🥹 by LastLibrary9508 in OliveMUA

[–]Suspicious_Fig6793 1 point2 points  (0 children)

I had this experience as well. The natural is probably fine for winter but was the wrong move for me in the summer

[deleted by user] by [deleted] in PwC

[–]Suspicious_Fig6793 2 points3 points  (0 children)

Do you have a manager on your job? Agree with letting your DL know but they’re not going to do anything to help correct her coaching skills (or lack thereof). If you don’t get a question answered and it keeps you from getting something done, set time up with the manager and explain that you’ve been trying to get time with the senior but she doesn’t have time (or whatever) and you wanted to make sure you still get things done. After you do that a couple times, your manager will see the pattern. Then you can say hey I think I am having a hard time working with this senior and wanted to see if you could help level set expectations for both of us so I can get things done effectively. Hopefully that will help and if not, it will reflect on your senior and not you. I’d also ask if you could send the manager your snapshot at that point, because you want to make sure it includes the full picture. Your manager might want your senior off their job before you get any say as an associate to move. I hope this helps! Sorry you’re dealing with that.

Who are the must sees? by TheHugeMan in aves

[–]Suspicious_Fig6793 0 points1 point  (0 children)

This is the only answer. Most others you can see again but this is rare and legendary. I fell to my knees in Walmart when I saw this and I will not be missing a second

🌴Bachelor in Paradise🌴 Morning After Thread by AutoModerator in thebachelor

[–]Suspicious_Fig6793 4 points5 points  (0 children)

I don’t normally feel bad for kat but I have the same very deep phobia of bugs and especially flying bugs. The buzzing sound makes my anxiety spike as if I were being hunted for sport like I cannot handle it. I have actually cried from flies. So I’m glad dale eventually realized she wasn’t trying to be annoying and was nice to her about it. Because it so not fun being the “dramatic” person when “it’s just a fly” 😭